General form of registration statement for all companies including face-amount certificate companies

COMMON STOCK, PREFERRED STOCK AND WARRANTS (Tables)

v3.21.2
COMMON STOCK, PREFERRED STOCK AND WARRANTS (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Equity [Abstract]    
SUMMARY OF ALL OUTSTANDING COMMON STOCK WARRANTS

 

    Number of
Warrants		     Exercise price
per share		     Expiration
Date		  
Warrants issued in connection with issuance of Series B Preferred Stock (1)     6,202,861     $ 0.25       October 15, 2021  
Warrants issued in connection with issuance of Series B Preferred Stock to lead investor     475,000     $ 0.45       January 15, 2022  
Warrants issued in connection with the issuance of Series B Preferred Stock to directors     65,714     $ 0.25       October 15, 2021  
Warrants issued to a service provider (2)     750,000     $ 0.22       October 15, 2021  

 

  (1) On September 22, 2021, the Company’s board of directors approved an extension of the expiration date of these Series B warrants from September 30, 2021 to October 15, 2021, and approved a reduction in the exercise price from $0.35 per share to $0.25 per share.

 

  (2) On September 22, 2021, the Company’s board of directors approved an extension of the expiration date of these warrants issued to a service provider from September 30, 2021 to October 15, 2021.

    Number of
Warrants		     Exercise price
per share		     Average
remaining
term in years		  
Warrants issued in connection with issuance of Series A Preferred Stock     46,154     $ 0.22       0.005  
SCHEDULE OF ISSUED SHARES OF COMMON STOCK  

         
Stock based compensation for services     1,750,000  
Conversions of debentures and notes with unrelated parties     218,686  
Conversion of Bridge Notes     13,312,175
Conversion of accrued salary and bonus, directors’ fees and notes with related parties     2,111,482  
         
Total Common Shares issued in 2020     17,392,343